This article appears courtesy of ISI Emerging Markets
Publication: menaREPORT – Industry News
Provider: Al Bawaba
Date: December 12, 2006 (09:12)
$90 million ‘The Lagoon’ was offered four times more debt than the required $20 million by a consortium of Islamic lending banks, with the company curtailing its borrowing to secure exceptional returns for investors.
The Lagoon Bahrain is currently financed with over $41 million of equity and over $32 million of debt from a bank consortium. The rest of the $90million is financed through pre-sales.
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